A transition towards a Water secure future is Underway. Not only state and government utilities but also large Indian conglomerates are extending helping hands by investing time and money into addressing Water security challenges. According to CDP’s global Water Report of 2017, Companies across have committed 23.4bn$ of investment into 1,000 Water and Sanitation projects including desalination, waste water reuse and irrigation.
Indian conglomerate ITC limited has invested nearly 9mn$ in water interventions across India, constructing 10,000 harvesting units and suing demonstration farms to share best practices in soil conservation. Also companies like Colgate, Palmolive, Nestle etc are taking account of investing into water security initiatives. In spite of this Water is still one of the problematic resources. Having too much or too little directly impacts the bottom line population.
Making fresh water available to the entire population poses to be a great challenge to the Government utilities. With urban population getting bigger, India is expected to add approximately 400mn population by 2050. This will be adding stress to the supply of water in urban areas. To mitigate this impending crisis, Reuse of Waste Water is claimed to be an alternative for the problem but however, treatment of Waste Water is not new to India.
The Chennai Petroleum Corporation LTD built, a first Waste Water Treatment Plant in 1991. The Waste Water treatment of market of India is slow moving and market driven. The market is expected to grow at the rate of 15% CAGR up till 2020 with overall increased revenue of $6.78 billion in 2020 from 3.3bn$ in 2015. The market scenario has been opening up the possibilities for new waste water treatment projects and inflow of large investments.
The Technology procurement for Waste Water treatment plants have been incentivized by the government in order to help the market develop. The Indian entrepreneurs are taking note of this and are seeking ways to work with government by participating in Waste Water Treatment Tenders and Projects. Waste Water Treatment Tenders are being largely invited from Water Scarce cities like Orissa, Kerala, Rajasthan, Madhya Pradesh etc. Tenders are majorly invited from Construction of decentralized waste water treatment system, Supply of waste water treatment unit, Operation & maintenance activities for water treatment plant, etc.
Apart from this Waste Water is getting strong support from the government policy the most popular flagship initiative of the ruling party Clean Ganga Mission in Varanasi, Uttar Pradesh is included in the funding stream. The major challenge faced by the sector is implementation of the Waste Water treatment projects.
The central government is providing the initial financing to get the projects off ground. Also by adding revenue generating components such as operation and maintence, employment generation, innovative business concepts etc gives a boost to the viability of the projects and reduces burden on public finance. Moreover, government is also aligning its policy to make Water Treatments as a revenue generating sector.
Private sector and industries have a vital role to play in this by bringing in new technologies, innovations and fundraising initiatives. Along with this there is a need of development of potential project cycle to attract private investments into the sector with signing of the Paris Agreement India has reclaimed its support to the conserve the scarce resources and waste Water reuse very well fits those broader goals.